RNS Number : 8588O
Globo plc
02 June 2015
 

FOR IMMEDIATE RELEASE

2 June 2015

 



GLOBO Plc ("Globo" or the "Group")

Globo announces Level 1 ADR listing in the United States

 

Fully-Sponsored Level 1 American Depositary Receipt (ADR) Programme Established on OTCQX

 

Globo plc (LSE-AIM: GBO), the global provider of complete enterprise mobility and application development platforms and services, is pleased to announce the establishment of over-the-counter trading facilities for its Fully-Sponsored Level 1 ADR via OTCQX.  Globo has obtained a quotation on the OTCQX International over the-counter platform, which will take effect from today, 2 June 2015.  This is complementary to Globo's LSE AIM quotation (LSE: GBO), which will continue to serve as the principal trading platform for the Group's ordinary shares. 

 

Globo's Level 1 ADR will be quoted on OTCQX as GOBPY.  A real-time quote may be accessed at www.otcmarkets.com/stock/GOBPY/quote and the stock trading code (CUSIP) is 37959C 106. The Bank of New York Mellon serves as Globo's ADR Bank and Principal American Liaison ("PAL") on OTCQX, responsible for providing professional guidance on OTCQX requirements. Canaccord Genuity Inc. will act as a market maker in the Company's ADR.

 

The Globo ADR represents a ratio of 20 ordinary Globo shares to 1 ADR, created using the existing issued share capital of the Group.

 

Globo has received increased interest from U.S. investors and has entered into the Level 1 ADR program in order to facilitate this interest and improve its reach amongst the U.S. investment community.  The Group's recent international growth has been focused on the U.S, which now represents approximately 25% of its global workforce.  The Group's Level 1 ADR is a step towards a greater commitment to the U.S. market, which represents the most significant opportunity for its enterprise mobility products.

 

Costis Papadimitrakopoulos, Founder and CEO of Globo, commented:

 

"We are delighted to have our ADRs quoted on the OTCQX International market, which will facilitate ownership for a broader range of investors. This will increase awareness of Globo's strategy and progress amongst the US investment community, where we have found strong interest. The U.S. market for mobility enterprise services is highly-developed and attractive. Globo has increased its presence in the region by establishing U.S. headquarters in Palo Alto, California, and the recent acquisitions of Notify Technology Inc., and Sourcebits Inc., and also the recent addition of development facilities in Pittsburgh, Pennsylvania." 

 

 

Robert Cromwell Coulson, President and CEO of OTC Markets Group, commented:

 

"Globo plc has been rapidly expanding its U.S. presence, bringing its award-winning mobile app development and device management solutions to American businesses and their employees and clients. We are thrilled to welcome Globo to the OTCQX marketplace which will help the company efficiently increase its visibility with U.S. investors, its customers and the public."

 

 

Full details of the Group's Level 1 ADR program are available at our website, www.globoplc.com.

 

For further information please contact:

Globo plc

                   +44 20-7378-8828

 

Costis Papadimitrakopoulos, CEO

Dimitris Gryparis, Finance Director

Mike Jeremy, IRO


 

RBC Capital Markets

(Nominated Adviser & Broker)

                   +44 20-7653-4000

 

Pierre Schreuder or Ema Jakasovic


 

Canaccord Genuity

(Joint Broker)

Simon Bridges or Emma Gabriel

                  +44 20-7523-8000

 

 

Brunswick Group


Chris Blundell or Charles Pemberton

               +44 20-7404-5959

 



About Globo

Globo Plc is a global provider of complete enterprise mobility solutions and SaaS. Our GO!Enterprise (EMM) and GO!AppZone(MADP) offerings help businesses expand their engagement with employees and customers through the mobile channel via a secure and extensible environment that runs on all smart devices. The Group operates internationally through subsidiaries and offices in U.S., U.K., Europe, Middle East and South East Asia. Globo was included in the 2014 Gartner Enterprise Mobility Management Magic Quadrant report, in Ovum's 2014-15 Decision Matrix for EMM Solutions and 2015-16 Decision Matrix for MADP Solutions, and in IDC's January 2015 report on Mobile EnterpriseApplication Development Platforms. For more information visit www.globoplc.com.

 

About OTCQX

 

The OTCQX marketplace is the leading tier of the US over-the-counter market. OTCQX offers investors information on trading, company background and news, and access to regulated broker-dealers.  It is used by 391* overseas, principally European, companies, such as Roche, BASF, Deutsche Telekom, AXA, Sky PLC., Heineken, Severn Trent PLC etc.  OTCQX states that it is: "Designed for investor-focused companies that meet high financial standards, are current in their disclosure and receive third party advisory. The companies found on OTCQX are distinguished by the excellence of their operations and diligence with which they convey their qualifications."  (* As of December 31 2014).

 

 

ENDS

 


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